401(k) · DOL Form 5500 · 2023

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-25

$376M
Total assets Above avg plan size
16,803
Participants Very large workforce
97th
Percentile by assets National rank
$22,373
Avg per participant Low balance/head
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Official DOL plan name: Smithfield Foods, Inc. Hourly 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises

$376M in assets, 16,803 participants

Smithfield Foods Incorporated's Smithfield Foods, Inc. Hourly 401(k) Plan reported $376M in total assets and 16,803 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #1,007 in Management of Enterprises (1,137 peers)

Coverage in Virginia

Smithfield Foods, Inc. Hourly 401(k) Plan covers 16,803 participants in Virginia, 21x the typical Virginia plan (state average ~782 per filing). Assets: $376M.

#1,007
in Management of Enterprises (1,137 peers)
+19.9%
assets growth YoY
3.8×
vs typical plan assets (national mean)

Smithfield Foods, Inc. Hourly 401(k) Plan's outsized position by total assets

Smithfield Foods, Inc. Hourly 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$375,938,128 Top 3% higher than 97% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Smithfield Foods, Inc. Hourly 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Smithfield Foods, Inc. Hourly 401(k) Plan is a mega filing (16,803 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Smithfield Foods, Inc. Hourly 401(k) Plan reported net income rose from -$24M in the plan year 2022 filing to $61M in the plan year 2023 filing.
  • Smithfield Foods, Inc. Hourly 401(k) Plan end-of-year assets rose from $313M in the plan year 2022 filing to $376M in the plan year 2023 filing.
  • Smithfield Foods, Inc. Hourly 401(k) Plan reported participants rose from 15,980 in the plan year 2022 filing to 16,803 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 520845861 · Smithfield Foods Incorporated PY 2023 · 401(k)

Smithfield Foods, Inc. Hourly 401(k) Plan · $376M · 16,803 · 97th

  • PART $376M
  • PART 16,803
  • PART 97th
  • PART 401(k)
  • PART near American Tower Retirement Savings Plan
  • PART ind #1007

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Management of Enterprises retirement plans → · Plans in Virginia →

Smithfield Foods, Inc. Hourly 401(k) Plan in the asset neighbourhood

American Tower Retirement Savings PlanAmerican Tower Retirement Sa…$376MSmithfield Foods, Inc. Hourly 401(k) PlanSmithfield Foods, Inc. Hourl…$376MNexteer Automotive Salaried 401(k) Retirement PlanNexteer Automotive Salaried …$376MLockheed Martin Corporation Operations Support Savings PlanLockheed Martin Corporation …$376MTanner Advantage 401(k) Plan$376M
End-of-year total assets ($M) among Smithfield Foods, Inc. Hourly 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$313M
Net Assets (End of Year)$376M
Net Income$61M
Employer EIN520845861
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Smithfield Foods Incorporated)

Sponsor-wide plan assets over time

All Smithfield Foods Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$3.1B 13.015664714333026% vs 2022
2024 filing year
$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
Year Plans Participants Total Assets
2022 5 55,579 $2.7B
2023 5 55,064 $3.0B
2024 5 48,205 $3.1B

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Smithfield Foods, Inc. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000120000 -10010203040 Total assets ($B) Participants Smithfield Foods, Inc. Hourly 401(k) Plan, Total assets ($B): 0.375938128 · Participants: 16803Smithfield Foods, Inc. Hourly 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Smithfield Foods, Inc. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Hourly 401(k) Plan side-by-side with 3 peers →

Scale composition for Smithfield Foods, Inc. Hourly 401(k) Plan

Smithfield Foods, Inc. Hourly 401(k) Plan reports $376M in end-of-year assets across 16,803 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.018% of 93,925,755 covered participants) - about $22,373 per participant (16% of the national average assets-per-participant) . Net income for plan year 2023 was $61M.

This plan identity (EIN 520845861, plan #009) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $313M to $419M (+33.6%) while covered participants moved from 15,980 to 15,011 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 15,980 $313M Open filing
2023 16,803 $376M This page
2024 · index core 15,011 $419M Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

Smithfield Foods, Inc. Hourly 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is American Tower Retirement Savings Plan in MA ($376M); by covered participants it is Firstservice Residential 401(k) Plan in FL (16,805 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($376M here).

Similar participant headcount

Nearest other-state filings by covered participants (16,803 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Smithfield Foods, Inc. Hourly 401(k) Plan assets move in 2023? ▼
Smithfield Foods, Inc. Hourly 401(k) Plan grew sharply - up 19.9% during 2023, from $313M to $376M. Reported net income was $61M.
How have Smithfield Foods Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smithfield Foods Incorporated's sponsor-wide assets grew 13.0%, from $2.7B to $3.1B.
Where does Smithfield Foods, Inc. Hourly 401(k) Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods, Inc. Hourly 401(k) Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Smithfield Foods, Inc. Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is American Tower Retirement Savings Plan in MA ($376M, 1,910 participants).
Which 401(k) plans cover a similar participant headcount to Smithfield Foods, Inc. Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Firstservice Residential 401(k) Plan in FL (16,805 participants, $276M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 520845861.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.